Germany’s Daimler AG led a $170 million funding round on April 16 for Silicon Valley startup Sila Nanotechnologies, which has developed a silicon-based substitute for the graphite in lithium-ion batteries that the company says will improve their energy capacity by 20%. The materials that Sila is developing will give Daimler’s commitment to electrification a significant boost, since Mercedes-Benz, which it owns, has plans to electrify its whole product suite by 2022.
Sila Nanotechnologies just won another $170 million of venture and corporate funding to develop advanced battery materials that improve power performance of electric vehicles and consumer electronics.
Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $170 million investment – Tech Crunch
The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the material to supply the equivalent of 50 megawatts of lithium-ion batteries, according to Sila Nano’s chief executive officer Gene Berdichevsky.
Jeff Immelt Joins Board in Drive Toward Industrialization of Next-Generation Battery Materials ALAMEDA, Calif., April 16, 2019 — Sila Nanotechnologies (“Sila Nano”), a next-generation battery materials company, announced today that it has secured $170 million in Series E funding led by Daimler AG to bring the first Sila Nano-powered batteries into the market, accelerating the […]
Daimler Teams Up with Sila Nanotechnologies on Next Generation Lithium-ion Battery Materials Daimler accelerates the development and commercialization of Li-Ion battery technologies together with Sila Nanotechnologies Inc. Strategic partnership with leading U.S. battery material specialist to pave the way for the next generation of powerful electric Mercedes-Benz Cars Innovative chemistry promises higher performance, faster charging […]
A bigger step would be to develop a commercially viable anode made completely from silicon. But the element has traits that make this difficult. When graphite absorbs lithium ions, its volume does not change much. A silicon anode, however, swells to four times its original volume in the same scenario.
The conventional wisdom is to replace, say, 10% of the graphite in a battery anode with silicon metal or oxide, improving density without introducing too much swelling. Sila is taking a different approach.
The humble lithium-ion battery has built up such a commanding lead in the market that competing technologies may struggle to catch up. That lead will only widen as a wave of planned new lithium-ion factories comes online in the next five years.
For powering your smartphone or your Tesla, the lithium-ion battery is industry standard, and has been for nearly 30 years. Now, as the world races toward an electric future, the next big breakthrough in battery tech could be just around the corner.
“The material required for one car is the equivalent of 10,000 smartphones or 100,000 smart watches,” said Berdichevsky. “We’ll be in consumer devices to start. Over the next five years, we’ll scale up with automotive partners.” One of Sila’s current auto partners is BMW.